Tax Articles

What are Capital Gain Bonds? The capital gain bonds help a taxpayer in investing the long term capital gain earned on the sale of a long term capital asset. By investing their long term capital gain taxpayers can save tax...

An assessment year is different from a financial year. However, many taxpayers assume that an assessment year is the same as a financial year. In reality an assessment year and a financial year both are different from each other. Due...

This article was first published on livemint. I am a US resident and gifted money to my parents in India. They invested that in mutual funds in their name. Are there any tax implications for me? Any amount received as a...

Budget 2023 Updates The amount of advance tax paid is reduced only once for computing the interest payable u/s 234B if the taxpayer files an updated ITR. Advance tax is paid on income that one earns during the year, usually...